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Why bitcoin doesn't need a password?
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Topic: Why bitcoin doesn't need a password? (Read 535 times)
henx
(OP)
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Why bitcoin doesn't need a password?
April 19, 2013, 01:47:56 PM
#1
I just installed the bitcoin wallet, but there is no place to set the password... Is that normal?
John (John K.)
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Away on an extended break
Re: Why bitcoin doesn't need a password?
April 19, 2013, 01:50:45 PM
#2
Settings -> encrypt wallet.
Hei_
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Re: Why bitcoin doesn't need a password?
April 19, 2013, 01:51:03 PM
#3
look better
evilscoop
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Re: Why bitcoin doesn't need a password?
April 19, 2013, 01:52:10 PM
#4
valid question hei...
New user, cut him some slack
zordsdavini
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Re: Why bitcoin doesn't need a password?
April 19, 2013, 01:55:09 PM
#5
but why you need password on your local machine wallet?
evilscoop
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Re: Why bitcoin doesn't need a password?
April 19, 2013, 01:56:44 PM
#6
https://en.bitcoin.it/wiki/Wallet_encryption
Quote
When the wallet is locked, calls to sendtoaddress, sendfrom, sendmany, and keypoolrefill will return Error -13: "Error: Please enter the wallet passphrase with walletpassphrase first."
so they'd have to break the wallet before they can steal from it...
henx
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Re: Why bitcoin doesn't need a password?
April 19, 2013, 02:20:25 PM
#7
Quote from: zordsdavini on April 19, 2013, 01:55:09 PM
but why you need password on your local machine wallet?
It feel weird not have a password on the computer programs...
But now I have figured out how the bitcoin works, it's a fantastic tool.
Fjordbit
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firstbits.com/1kznfw
Re: Why bitcoin doesn't need a password?
April 19, 2013, 02:32:45 PM
#8
Quote from: zordsdavini on April 19, 2013, 01:55:09 PM
but why you need password on your local machine wallet?
Because malware.
Misiolap
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Re: Why bitcoin doesn't need a password?
April 19, 2013, 02:37:53 PM
#9
Malware will likely include a keylogger, but password serves well for unprotected backups.
jsmarclook
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Re: Why bitcoin doesn't need a password?
April 19, 2013, 02:50:21 PM
#10
Quote from: zordsdavini on April 19, 2013, 01:55:09 PM
but why you need password on your local machine wallet?
Because if you leave your computer unattended or if someone remote access your comp, it makes it harder for them to get your bitcoins.
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